Deals
HNA Explores Options for Avolon Plane-Leasing Business
- Company had a book value of about $7.3 billion last year
- Any sale would be among HNA’s biggest asset disposals
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HNA Group Co., the Chinese conglomerate that’s reversing a global acquisition spree, is examining options for its Avolon Holdings Ltd. aircraft-leasing business, according to people with knowledge of the matter.
The Chinese group has sounded out potential buyers for a stake in the business or some of Avolon’s aircraft, said the people. Potential suitors that have held talks include companies controlled by the families of Hong Kong billionaires Li Ka-shing and Henry Cheng, they said, asking not to be identified. Discussions are at a preliminary stage and may not lead to a deal, the people said.